Polestar Automotive Holding UK (PSNY) Stock Forecast & Price Target

$1.59

-0.04 (-2.45%)

(As of 11:58 AM ET)

Polestar Automotive Holding UK - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce
Based on 6 Analyst Ratings

Based on 6 Wall Street analysts who have issued ratings for Polestar Automotive Holding UK in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 6 analysts, 2 have given a sell rating, 3 have given a hold rating, and 1 has given a buy rating for PSNY.

Consensus Price Target

$1.58
-0.64% Downside

High Forecast	$3.00
Average Forecast	$1.58
Low Forecast	$0.78

According to the 6 analysts' twelve-month price targets for Polestar Automotive Holding UK, the average price target is $1.58. The highest price target for PSNY is $3.00, while the lowest price target for PSNY is $0.78. The average price target represents a forecasted downside of -0.64% from the current price of $1.59.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Reduce	Reduce	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$1.58	$1.77	$3.48	$7.40
Forecasted Upside	-0.64% Downside	34.03% Upside	60.61% Upside	87.13% Upside

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PSNY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PSNY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Polestar Automotive Holding UK Stock vs. The Competition

Type	Polestar Automotive Holding UK	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	1.83	2.46	2.50
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	-3.07% Downside	152.09% Upside	7.94% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
9/10/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars	Reiterated Rating	Hold	$1.50	+0.67%
9/9/2024	Cantor Fitzgerald 3 of 5 stars	Reiterated Rating	Overweight ➝ Overweight	$3.00 ➝ $3.00	+106.18%
9/4/2024	Piper Sandler 2 of 5 stars	Lower Target	Neutral ➝ Neutral	$2.00 ➝ $1.50	+21.46%
8/30/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underperform ➝ Underperform	$0.74 ➝ $0.78	-34.39%
7/3/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight ➝ Underweight	$2.00 ➝ $1.00	+12.33%
5/16/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$2.50 ➝ $1.70	+29.57%
Get the Latest News and Ratings for PSNY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Polestar Automotive Holding UK and its competitors with MarketBeat's FREE daily newsletter.
8/1/2023	R. F. Lafferty Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$9.00	+100.89%
4/12/2023	Fox Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$7.00	+82.29%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:18 PM ET.

PSNY Forecast - Frequently Asked Questions

What is Polestar Automotive Holding UK's forecast for 2024?: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Polestar Automotive Holding UK is $1.58, with a high forecast of $3.00 and a low forecast of $0.78.
Should I buy or sell Polestar Automotive Holding UK stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Polestar Automotive Holding UK in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" PSNY shares.
Does Polestar Automotive Holding UK's stock price have much upside?: According to analysts, Polestar Automotive Holding UK's stock has a predicted upside of 25.21% based on their 12-month stock forecasts.
What analysts cover Polestar Automotive Holding UK?: Polestar Automotive Holding UK has been rated by research analysts at Barclays, Cantor Fitzgerald, Deutsche Bank Aktiengesellschaft, Piper Sandler, and Sanford C. Bernstein in the past 90 days.
Do Wall Street analysts like Polestar Automotive Holding UK more than its competitors?: Analysts like Polestar Automotive Holding UK less than other "auto/tires/trucks" companies. The consensus rating for Polestar Automotive Holding UK is Reduce while the average consensus rating for "auto/tires/trucks" companies is Hold. Learn more on how PSNY compares to other companies.